30 Mar '14, 5pm

First Bitcoin ATM in Israel debuts

First Bitcoin ATM in Israel debuts

The first ATM for obtaining bitcoins debuted in Israel on Sunday evening at the Bitcoin emBassy, a non-profit group devoted to spreading the virtual currency’s gospel. A Bitcoin ATM, housed at the emBassy on Tel Aviv's Ahuzat Bayit street just of Allenby street, functions differently than those consumers are used to; it is more like a virtual vending machine. Anyone who is interested in buying Bitcoin puts their cold hard cash into the machine, and it credits their virtual wallet with the currency. Related: Business: Virtual terror finance BoI warns public on Bitcoin risk “I am proud that the emBassy has made the first bitcoin vending machine available in israel. This is part of our mission to make bitcoin accessible to the general public,” said the Bitcoin emBassy’s Ayal Segev. The machine will operate through Bits of Gold, a company that specializes in Bitcoin services f...

Full article: http://www.jpost.com/Business/Business-News/First-Bitcoin...

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